Biggest Coal Shipper’s Power Plan Offers Relief From Bear Market

To support Indonesia’s goal of 7 percent annual economic growth, the government says electricity consumption should expand by 8.7 percent a year between now and 2024.

Of Indonesia’s planned 42.9 gigawatts, about 7.4 gigawatts are being constructed while 7.2 gigawatts have been committed, according to government data. The rest are in the procurement or planning stages, the data shows.

Steam coal is needed to generate electricity, while the metallurgical variety is used to make steel.

Listrik Negara plans to sign power-purchase deals with producers for 10,000 megawatts worth of capacity at the end of 2015, President Director Sofyan Basyir said on Thursday.